Corruption is a deceptively good bad investment

A new list of the world’s most corrupt countries includes some of the past decade’s most lucrative growth markets, such as China and the Philippines. Corruption may not scare investors in the early days. But that doesn’t mean it can’t come back to haunt them later.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.